Bath Savings Trust Co Sells 100 Shares of Republic Services, Inc. (NYSE:RSG)

Bath Savings Trust Co trimmed its position in shares of Republic Services, Inc. (NYSE:RSG) by 8.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,125 shares of the business services provider’s stock after selling 100 shares during the quarter. Bath Savings Trust Co’s holdings in Republic Services were worth $226,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of RSG. Diversified Trust Co lifted its holdings in Republic Services by 12.1% in the 4th quarter. Diversified Trust Co now owns 1,537 shares of the business services provider’s stock worth $309,000 after buying an additional 166 shares during the period. Canandaigua National Trust Co of Florida bought a new position in shares of Republic Services during the fourth quarter valued at approximately $247,000. Nordea Investment Management AB lifted its stake in Republic Services by 19.4% in the fourth quarter. Nordea Investment Management AB now owns 3,129,322 shares of the business services provider’s stock worth $626,553,000 after acquiring an additional 509,116 shares during the period. GAMMA Investing LLC boosted its holdings in Republic Services by 15.7% in the fourth quarter. GAMMA Investing LLC now owns 5,690 shares of the business services provider’s stock valued at $1,145,000 after acquiring an additional 773 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Republic Services by 1.6% during the 4th quarter. Versant Capital Management Inc now owns 9,929 shares of the business services provider’s stock valued at $1,998,000 after purchasing an additional 153 shares during the period. 57.73% of the stock is owned by institutional investors.

Republic Services Stock Performance

Shares of RSG opened at $203.22 on Wednesday. The company has a market cap of $63.64 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 3.30 and a beta of 0.73. The business’s fifty day simple moving average is $208.37 and its two-hundred day simple moving average is $203.76. Republic Services, Inc. has a 12 month low of $162.27 and a 12 month high of $220.58. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.07.

Republic Services (NYSE:RSG) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.61 by $0.20. The company had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.12 billion. Republic Services had a return on equity of 18.18% and a net margin of 12.46%. Republic Services’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company earned $1.54 EPS. Research analysts anticipate that Republic Services, Inc. will post 6.25 earnings per share for the current fiscal year.

Republic Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, January 2nd. Republic Services’s dividend payout ratio (DPR) is presently 37.12%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RSG shares. Morgan Stanley lifted their target price on shares of Republic Services from $217.00 to $220.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Scotiabank initiated coverage on Republic Services in a research report on Friday, October 4th. They set a “sector perform” rating and a $224.00 price objective on the stock. Royal Bank of Canada raised Republic Services from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $219.00 to $237.00 in a research report on Monday. CIBC lifted their price target on Republic Services from $217.00 to $227.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Finally, BMO Capital Markets raised Republic Services from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $211.00 to $238.00 in a research report on Friday, December 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Republic Services presently has an average rating of “Moderate Buy” and an average target price of $221.12.

Insider Buying and Selling at Republic Services

In other Republic Services news, CFO Brian M. Delghiaccio sold 5,071 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $210.02, for a total transaction of $1,065,011.42. Following the completion of the sale, the chief financial officer now directly owns 6,318 shares in the company, valued at $1,326,906.36. The trade was a 44.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Katharine Weymouth sold 1,859 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $215.27, for a total transaction of $400,186.93. Following the completion of the transaction, the director now owns 879 shares in the company, valued at $189,222.33. This trade represents a 67.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Republic Services Profile

Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.